Sempra (NYSE:SRE) Shares Acquired by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC increased its position in shares of Sempra (NYSE:SRE) by 497.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,088 shares of the utilities provider’s stock after buying an additional 906 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Sempra were worth $95,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Crews Bank & Trust purchased a new position in shares of Sempra in the 4th quarter valued at approximately $26,000. Eastern Bank purchased a new position in shares of Sempra in the 3rd quarter valued at approximately $28,000. Hollencrest Capital Management grew its stake in shares of Sempra by 250.0% in the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 270 shares during the last quarter. ST Germain D J Co. Inc. grew its stake in shares of Sempra by 225.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, LRI Investments LLC grew its stake in shares of Sempra by 180.4% in the 3rd quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Insider Activity

In other news, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $81.93, for a total value of $225,717.15. Following the completion of the sale, the senior vice president now owns 13,905 shares of the company’s stock, valued at $1,139,236.65. The trade was a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of Sempra stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $82.94, for a total value of $4,125,186.78. Following the completion of the sale, the chief executive officer now directly owns 2 shares of the company’s stock, valued at approximately $165.88. This represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Sempra Price Performance

Shares of NYSE:SRE opened at $84.59 on Wednesday. The company has a market cap of $53.58 billion, a P/E ratio of 18.63, a P/E/G ratio of 2.09 and a beta of 0.78. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. Sempra has a 52 week low of $66.40 and a 52 week high of $95.77. The business has a fifty day simple moving average of $84.51 and a 200-day simple moving average of $84.72.

Wall Street Analyst Weigh In

SRE has been the topic of a number of analyst reports. Jefferies Financial Group initiated coverage on Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target on the stock. Wells Fargo & Company lifted their price target on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI lifted their price target on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $85.00 to $98.00 in a report on Friday, December 13th. Finally, Barclays cut their price target on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to MarketBeat, Sempra currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.20.

About Sempra

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.